Zhejiang Busen Clothing Co., Ltd. (hereinafter referred to as “Tassen Co., Ltd.”), today (July 3) issued an announcement saying that the company’s wholly -owned subsidiary Anjian Supply Chain Management (Zhuji) Co., Ltd. (hereinafter referred to as “Anjian supply supply supply The chain “) and Guangzhou Tianma Development Co., Ltd. (hereinafter referred to as” Guangzhou Development “) recently signed the” Strategic Cooperation Agreement “(hereinafter referred to as the” Agreement “). Cooperation and establish a strategic cooperation relationship to promote the common development of both parties.

According to the “Agreement”, Bu Sen shares will take a decade and undertake a multi -dimensional income of the wholesale and retail operations in Guangzhou, No. 168 West Road West Road, Yuexiu District, Guangzhou. Together, we are committed to creating a supply chain base for the supply chain company of the Liuhua Commercial District, operating the wholesale and retail supply chain base, upgrading the new retail wholesale, and providing services to 30,000 small merchants in Liuhua Business District.


The announcement shows that the development of Guangzhou was established on January 29, 1996, with a registered capital of 15 million yuan. The business scope involved in property management, venue leasing, real estate development and operation, commodity wholesale trade, retail trade, market management, and stall rental.

Guangzhou Development owns Tianma Clothing City (also known as “Guangzhou Tianma Fashion Wholesale Center”), which is located at No. 168 West Road West Road, Yuexiu District, Guangzhou). Various categories of clothing based on mid -range prices. Tianma Clothing City Tower is ten floors. From the basement to the third floor, they are all clothing wholesale malls. The brands operated are mainly domestic and Hong Kong and Taiwan brands. Mala et al.

Tassen said that the company’s wholly -owned subsidiary of the company has established a strategic cooperative relationship with the development of Guangzhou, mainly based on the needs of listed companies to strategic transformation from traditional clothing manufacturers to new retail service providers. The development of Guangzhou has abundant offline wholesale and retail customer resources. The supply chain has the supply chain management capacity and new retail resources. The organic integration of the two can expand the sales channels of listed companies, open up the supply and demand industry chain, and enhance the company’s profitability; At the same time, this cooperation is an important layout of listed companies in the field of new chain integration. It will be positive effect.


Public information shows that the main business of Bu Sen’s shares is the design, production and sales of men’s clothing brand clothing, with “Bu Sen Men’s clothing” as the main brand. Suit, trousers and eggplant shirts, T -shirts, professional clothes, etc.

In 2017, Tassen achieved operating income of 343 million yuan, a year-on-year decrease of 6.95%, and the total profit was 33.7643 million yuan, a year-on-year decrease of 272.58%. The net profit of the owner of the parent company was -33.807 million yuan, a year-on-year decrease of 612.26%.

Bu Sen stated that in 2017, the company continued to try to transform to fintech from various aspects such as corporate transformation and industrial upgrading on the basis of focusing on the development of the owner’s business business.


During the reporting period, the overall business of Bu Sen’s clothing sales was not profitable, but the overall gross profit margin increased by 6.20%compared with the previous year. On the one hand, the company’s main clothing business sales are limited and subject to the pressure of previous inventory. The overall operating income decreased by 6.95%compared with the previous year. On the other hand, the company strengthened the control of various internal expenses and production costs, which effectively reduced the company’s overall costs, and the overall operating costs decreased by 15.58%compared with the previous year.


In 2017, Bu Sen established a full -time subsidiary of the full -time subsidiary of the supply chain management service of supply chain management services (Zhuji) Co., Ltd., with a registered capital of RMB 100 million, accounting for 100%of the registered capital of the subsidiary. At first, the method of exploring enterprise transformation and industrial upgrading in various aspects. At the same time, Shanghai Ruizheng, the former major shareholder of the company, signed the “Equity Transfer Agreement” with An Jian Technology. 16%of the share capital; at the same time, Anjian Technology accepted the voting rights of 19.4 million shares held by Toron’s assets, and controlled the company’s voting rights of 29.86%. On November 16, 2017, An Jian Technology obtained the “Securities Transfer Registration Confirmation” issued by China Securities Registration and Settlement Co., Ltd.. Essence

Tassen said that in the next five years, the company will use the “from point and face” expansion strategy, starting with the existing Bu Sen men’s clothing brands, with fashion clothing as the core, and the new retail of the full fashion industry as the expansion direction. Essence Realize the company’s leap from the main traditional clothing business to based on the entire fashion industry. The company will also make full use of the resources and competitive advantages accumulated by the company in the clothing industry for many years. Based on the physical fashion industry, the supply chain fintech is used as a tool to actively explore the road of “integration of production and finance” to build the company into fashion clothing and finance. The technology field has a comprehensive service provider with leading advantages. (First Textile Network Martin)

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